Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
26 hedge funds and large institutions have $75.8M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
18% more funds holding
Funds holding: 22 → 26 (+4)
9% more capital invested
Capital invested by funds: $69.7M → $75.8M (+$6.09M)
0.52% more ownership
Funds ownership: 13.68% → 14.2% (+0.52%)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.71M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$799K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$679K |
| 4 |
Morgan Stanley
New York
|
+$657K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$677K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$626K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$515K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$473K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $31K | -$30.7K | -1,558 | -50% |
|
|
NES
27
New England Securities
New York
| $26K | +$25.6K | +1,300 | New |
|
|
FAAS
28
First Allied Advisory Services
San Diego,
California
| – | -$626K | -31,255 | Closed |
|
|
TC
29
TFS Capital
West Chester,
Pennsylvania
| – | -$473K | -23,564 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$100K | -4,988 | Closed |
|
|
BIM
31
BlackRock Investment Management
Wilmington,
Delaware
| – | -$24K | -1,175 | Closed |
|
32
Ameriprise
Minneapolis,
Minnesota
| – | -$7K | -335 | Closed |
|
GBAB Hedge Fund Activity: Q4 2013 in Review
26 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2013, worth a combined $75.8M — up 8.7% from $69.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new GBAB positions and 5 closed out — a net gain of 5 holders — while 5 added to existing stakes and 11 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $1.71M. The largest seller was Bank of America, cutting an estimated $1.4M.
- 26 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2013, up from 22 in Q3 2013.
- Funds reported $75.8M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2013, up 8.7% quarter-over-quarter.
- 10 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2013 and 5 closed out, a net change of +5 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2013 was Mariner Investment Group, an estimated $1.71M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2013 was Bank of America, an estimated $1.4M sold.
Based on aggregated 13F filings for Q4 2013.